NXTV vs. FCOM ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to Fidelity MSCI Telecommunication Services Index ETF (FCOM)

NXTV

Simplify Next Intangible Value Index ETF

NXTV Description

NXTV targets US companies with low equity valuations relative to their intangible-adjusted book values within their respective sectors. The fund defines intangible capital as productive assets that lack physical presence and are created through investments in brand, knowledge, and organization capital. The index construction starts by calculating an intangible-adjusted book value for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the lowest equity valuations relative to their intangible adjusted book values are selected for inclusion. At least five stocks are included from each of the 13 sectors determined by the index provider using a combination of SIC and NAICS codes along with data from publicly available 10-K filings. Holdings are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$27.97

Average Daily Volume

696

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

FCOM

Fidelity MSCI Telecommunication Services Index ETF

FCOM Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Telecommunication Services 25/50 Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Telecommunication Services 25/50 Index, which represents the performance of the telecommunication services sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Telecommunication Services 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$57.98

Average Daily Volume

87,130

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	FCOM
30 Days	0.08%	4.07%
60 Days	3.05%	7.31%
90 Days	6.04%	9.92%
12 Months		36.57%

14 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in FCOM	Overlap
CMCSA	B	5.15%	4.18%	4.18%
FOXA	B	0.82%	0.83%	0.82%
FYBR	C	0.36%	0.5%	0.36%
IAC	D	0.19%	0.31%	0.19%
LBRDK	C	0.43%	0.89%	0.43%
LUMN	C	0.26%	0.76%	0.26%
ROKU	D	0.24%	0.73%	0.24%
SATS	C	0.23%	0.25%	0.23%
SNAP	D	0.65%	0.8%	0.65%
T	A	4.84%	3.94%	3.94%
USM	B	0.19%	0.08%	0.08%
VZ	C	4.9%	3.9%	3.9%
WBD	B	0.13%	1.22%	0.13%
ZI	D	0.15%	0.25%	0.15%

NXTV Overweight 181 Positions Relative to FCOM

Symbol	Grade	Weight
PFE	F	4.65%
INTC	C	3.77%
DELL	B	3.21%
C	B	1.86%
KR	B	1.78%
HPQ	B	1.46%
EBAY	D	1.22%
CVS	F	1.18%
FDX	B	1.13%
HPE	B	1.09%
EL	F	1.05%
NTAP	C	1.04%
BBY	D	1.02%
GFS	C	0.98%
WDC	F	0.94%
GM	B	0.9%
ZM	B	0.88%
COF	B	0.87%
VICI	C	0.87%
MET	A	0.86%
BIIB	F	0.85%
DG	F	0.79%
TRV	A	0.78%
ALL	A	0.74%
DD	D	0.73%
F	C	0.73%
AIG	C	0.71%
NUE	D	0.7%
MRNA	F	0.69%
NWS	A	0.68%
FCNCA	A	0.67%
HUM	D	0.66%
PRU	B	0.65%
LEN	D	0.65%
DLTR	F	0.65%
KHC	F	0.64%
ZBH	C	0.63%
CTVA	C	0.59%
SYY	D	0.58%
CNC	F	0.57%
BAX	F	0.56%
SRE	A	0.53%
JNPR	D	0.53%
ILMN	C	0.52%
ACI	C	0.49%
D	C	0.48%
CACI	C	0.47%
TPR	B	0.46%
PCG	A	0.44%
CTRA	B	0.44%
SNX	D	0.43%
TWLO	A	0.43%
ALB	B	0.42%
ADM	D	0.42%
IP	A	0.41%
VTRS	A	0.41%
PPG	F	0.4%
EXC	C	0.39%
GAP	D	0.39%
RS	B	0.38%
EQT	A	0.38%
CCL	A	0.37%
MRO	A	0.37%
LEVI	F	0.37%
INCY	C	0.36%
ED	C	0.36%
CIEN	B	0.34%
MKL	A	0.34%
SWK	F	0.33%
DBX	C	0.33%
SOLV	F	0.33%
WRB	B	0.33%
EXPE	B	0.33%
GPC	F	0.33%
FLEX	B	0.33%
TSN	B	0.32%
LUV	B	0.32%
AMKR	F	0.31%
PATH	C	0.31%
CINF	A	0.31%
U	F	0.3%
SYF	B	0.3%
CFG	B	0.29%
FTI	A	0.29%
PFG	C	0.29%
ARE	F	0.29%
DDS	B	0.28%
NSIT	F	0.28%
UAL	A	0.28%
TXT	D	0.28%
BLDR	D	0.27%
ETR	A	0.27%
L	A	0.27%
W	D	0.27%
HSIC	C	0.27%
BILL	B	0.26%
OVV	C	0.26%
CRBG	B	0.26%
PEGA	B	0.26%
FNF	A	0.25%
EG	D	0.25%
PPL	A	0.24%
BIO	C	0.24%
ELAN	D	0.23%
COTY	F	0.23%
CPB	D	0.22%
RNR	C	0.22%
RGA	B	0.22%
KD	A	0.22%
AR	B	0.21%
CPRI	F	0.21%
DINO	D	0.21%
AIT	B	0.21%
CLVT	D	0.21%
KMX	C	0.21%
VFC	C	0.21%
JLL	D	0.2%
M	D	0.2%
PAG	B	0.2%
CNH	C	0.2%
EQH	B	0.2%
ALLY	C	0.2%
JAZZ	C	0.2%
CNA	C	0.2%
BG	D	0.2%
RIVN	F	0.2%
PFGC	B	0.2%
EXEL	B	0.2%
JEF	A	0.19%
SNA	B	0.19%
AEO	F	0.19%
TOL	B	0.19%
COKE	C	0.19%
RPM	B	0.19%
WCC	B	0.19%
TAP	B	0.18%
ARW	F	0.18%
SWN	C	0.18%
LKQ	F	0.18%
BWA	D	0.17%
JWN	C	0.17%
FLS	A	0.17%
AA	A	0.17%
RHI	C	0.17%
ADTN	A	0.17%
SIG	C	0.17%
ASO	F	0.17%
BEN	C	0.16%
XRAY	D	0.16%
AIZ	A	0.16%
PVH	C	0.16%
NOV	D	0.16%
URBN	C	0.16%
WHR	B	0.16%
ALIT	C	0.16%
UNM	A	0.16%
GL	C	0.15%
SANM	B	0.15%
FRSH	C	0.15%
SLAB	F	0.15%
NI	A	0.15%
WFRD	F	0.15%
DXC	D	0.15%
LCID	F	0.14%
LAD	B	0.14%
ORI	A	0.14%
EVRG	A	0.14%
AGR	A	0.14%
CLF	F	0.14%
UPST	B	0.14%
FHN	A	0.13%
MUR	F	0.13%
CIVI	D	0.13%
INGR	B	0.13%
CXT	C	0.13%
X	C	0.13%
ALKS	C	0.13%
SON	F	0.13%
MGM	D	0.08%
DLB	F	0.05%
BYD	B	0.04%

NXTV Underweight 79 Positions Relative to FCOM

Symbol	Grade	Weight
META	C	-22.7%
GOOGL	B	-12.69%
GOOG	B	-9.88%
NFLX	A	-4.63%
DIS	B	-3.75%
TMUS	B	-3.28%
TTD	B	-1.9%
CHTR	B	-1.5%
EA	A	-1.49%
TTWO	A	-1.32%
RBLX	B	-1.26%
LYV	A	-1.23%
OMC	C	-1.08%
NWSA	B	-0.87%
IPG	F	-0.83%
PINS	F	-0.83%
TKO	A	-0.7%
NYT	D	-0.68%
MTCH	F	-0.62%
FOX	A	-0.46%
PARA	D	-0.46%
NXST	C	-0.42%
EDR	A	-0.41%
CCOI	B	-0.29%
MSGS	B	-0.28%
CNK	A	-0.27%
TGNA	B	-0.26%
RDDT	A	-0.26%
TDS	B	-0.25%
IRDM	F	-0.25%
CARG	B	-0.23%
ZD	B	-0.2%
YELP	C	-0.18%
SIRI	D	-0.16%
CABO	C	-0.15%
DJT	C	-0.15%
NPAB	F	-0.14%
MGNI	A	-0.14%
LBRDA	C	-0.13%
TRIP	F	-0.13%
GSAT	C	-0.12%
AMC	D	-0.1%
IMAX	A	-0.09%
MSGE	F	-0.09%
CARS	C	-0.09%
QNST	C	-0.09%
LILAK	F	-0.08%
VMEO	C	-0.08%
SSTK	F	-0.07%
IDT	B	-0.07%
LGF.A	F	-0.07%
IAS	D	-0.07%
STGW	B	-0.06%
ZIP	D	-0.06%
TTGT	B	-0.06%
BMBL	C	-0.06%
GCI	D	-0.06%
SHEN	F	-0.05%
SCHL	F	-0.05%
PUBM	C	-0.05%
EVER	F	-0.04%
THRY	F	-0.04%
GOGO	C	-0.04%
IBTA	D	-0.04%
MCS	B	-0.04%
ATUS	C	-0.04%
CNSL	B	-0.03%
GTN	F	-0.03%
ATEX	F	-0.03%
CCO	D	-0.03%
BOC	D	-0.03%
LGF.A	F	-0.03%
MAX	F	-0.03%
ADV	C	-0.03%
FUBO	F	-0.03%
LILA	F	-0.02%
EB	C	-0.02%
AMCX	C	-0.02%
ANGI	F	-0.01%